Tiger Economy

(redirected from Dynamic Asian Economies)

Tiger Economy

A collective name given to the economies of East and Southeast Asia, which experienced nearly unprecedented growth, especially in the 1980s and early 1990s. The Asian financial crisis in the late 1990s ended the idea that the tiger economies were unstoppable, though most have recovered well and remain important players in the global economy. See also: Keiretsu, chaebol, ASEAN.

The remaining chapters focus on the dynamic Asian economies, unemployment benefit rules, and a review of labor markets in the 1980's.

Devoting a chapter of the Outlook to the dynamic Asian economies gives recognition to their rapid development and current importance in international trade with the OECD area.

Chapter 3 looks at economic growth in the dynamic Asian economies and then at various social indicators, such as life expectancy, crude birth rates, per capita income, and school enrollment, to see if the rapid rates of economic growth these economies have experienced have been accompanied by improvements in their standards of living.

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